Saturday, June 30, 2007

One nation,two systems for Hong Kong-10th anniversary

1. To promote the private interest with initiative in the private sector to be incorporated into the public interest under Socio-Economic model of the Chinese economy with special characteristics.
2. China's reform would activate markets under the market economy and play a role in the circular flow for the best interest of the nation as a whole. Such macroeconomic principle would be the economy in the aggregate but would allow microeconomic principle of the market to be the basis of Hong Kong's economy.
3. Business firms get the services of the factors of productrion and transform these productive inputs into useful commodities as output to honor production function.
4. When commodities are produced,there are functional market system as the basis of microeconomic policies in Socio-Economics.
5. The supply and demand mechanism can alter the composition of output in a market economy. The ever-changing new equilibrium points would correspond to the new points on Chinese society's production possibility curve in conceptual understanding of economics.
Francis Shieh a.k.a. Xie Shihao, July 1, 2007, 10th anniversary of the return of Hong Kong to China, July 1, 1997.

Thursday, June 21, 2007

China's economy to continue to grow as per Fan Gang

www.nbd.com.cn dated June 18, 2007: 1. Reforms
2. Opening to outside 3. Education and Technology: There is the common ground as I would envision. Cf. Richard T. Gill's textbooks in 1973 and 1975(cited the role of community colleges for American economic growth apropos Congressional Record,July 18,1974 issue: The Future of Community Colleges. Such rationale is cited in the State of the Union in 2004 and 2005 by President Bush. Moreover,President Clinton adopted Apprenticeship as my book entitled "Keys for Economic Understanding" Cf. www.ask.com for details for reference. Francis Shieh. June 21, 2007 Summer Solstice.